Welcome to our dedicated page for Lattice Semiconductor news (Ticker: LSCC), a resource for investors and traders seeking the latest updates and insights on Lattice Semiconductor stock.
Lattice Semiconductor Corp (NASDAQ: LSCC) is a global leader in smart connectivity solutions, providing intellectual property and low-power, small form-factor devices that enable over 8,000 global customers to deliver innovative and differentiated products efficiently. Founded in 1983 and headquartered in Portland, Oregon, Lattice Semiconductor has a broad exposure across various markets, including consumer electronics, industrial equipment, communications infrastructure, and licensing.
The company's core business revolves around the development and distribution of semiconductor technology. They offer a range of products, solutions, and licenses through their core Lattice business segment, which includes silicon-based and silicon-enabling products, evaluation boards, development hardware, and related intellectual property licensing, services, and sales.
Notably, in March 2015, Lattice Semiconductor acquired Silicon Image, a leader in setting industry standards such as HDMI®, DVI™, MHL®, and WirelessHD®. This acquisition has bolstered Lattice's position in the market and added significant value to their portfolio.
Lattice's products are globally recognized, with the majority of sales derived from customers in Asia. The company's innovative solutions cater to a diverse range of applications, helping to drive advancements in consumer electronics, industrial automation, and communication technologies.
With a commitment to providing market-leading solutions, Lattice continues to focus on expanding its product offerings and enhancing its technology to meet the evolving needs of its customers. The company's strategic partnerships and recent projects reflect their dedication to innovation and excellence in the semiconductor industry.
Lattice Semiconductor Corporation (NASDAQ: LSCC) announced a webinar on implementing a low-power RISC-V embedded system using Lattice FPGAs. Scheduled for March 29, 2021, at 9:00 am PDT, the session will be led by the Lattice Education Competence Center (LEC2). This event will highlight the Lattice Propel design environment for building efficient hardware/software co-processing solutions, aimed at various markets, including industrial and automotive. The LEC2 provides essential product training and expertise to accelerate market readiness for Lattice-based solutions.
Lattice Semiconductor Corporation (NASDAQ: LSCC) announces the inclusion of its Lattice Diamond® and Lattice Radiant® FPGA design tools in the DARPA Toolbox initiative. This partnership enhances access to Lattice's technologies, allowing DARPA researchers to innovate in areas like artificial intelligence, 5G, and automation. Additionally, Lattice's low-power FPGAs show a potential for up to 75% reduction in power consumption and significantly lower error rates. This collaboration is expected to broaden the usage of Lattice’s solutions within DARPA programs.
Lattice Semiconductor Corporation (NASDAQ: LSCC) is set to hold a virtual Investor Day on May 11, 2021, from 9-11 a.m. PDT / 12-2 p.m. EDT. The event will showcase the company's product roadmap, long-term strategies, and growth opportunities, featuring presentations from key executives including CEO Jim Anderson and CFO Sherri Luther. Interested investors can register until May 7, 2021, with a replay available within 24 hours post-event. Lattice focuses on low-power programmable solutions across various markets.
Lattice Semiconductor Corporation (NASDAQ: LSCC) has launched mVision™ 2.0, an upgraded solutions stack designed for low power embedded vision systems. This version enhances design capabilities for applications across industrial, automotive, medical, and consumer sectors. Key features include support for popular image sensors and a new image signal processing IP core. The COVID-19 pandemic is spurring demand for embedded vision technology. The global machine vision system market is projected to grow from $29.7 billion in 2019 to $74.9 billion by 2027, with a CAGR of 11.3%.
Lattice Semiconductor Corporation (NASDAQ: LSCC) has launched Lattice Sentry™ 2.0, enhancing secure system control solutions. This version meets NIST Platform Firmware Resiliency guidelines and offers robust 384-bit encryption. Key features include faster pre-boot authentication and the ability to monitor up to five firmware images in real-time, catering to the demands of modern server platforms. The stack supports various markets, including automotive and industrial sectors, aiming to combat evolving cybersecurity threats effectively.
Lattice Semiconductor Corporation (NASDAQ: LSCC) partnered with Future Electronics to conduct virtual technology sessions focusing on low-power FPGA solutions. The sessions aim to educate customers about the implementation of advanced technologies such as embedded vision and machine learning within power constraints. The Lattice sensAI™, mVision™, and Sentry™ solution stacks will be highlighted, showcasing their applications in AI and smart vision. This collaboration targets industries including automotive, industrial, and smart cities, providing practical examples and expert insights.
Lattice Semiconductor (NASDAQ: LSCC) has authorized a share repurchase program of up to $60 million over the next twelve months. CFO Sherri Luther stated this initiative reflects the company's financial strength and aims to enhance shareholder value. The repurchase may occur through open market and negotiated transactions, depending on various factors including market conditions and share prices. The program is compliant with Rule 10b-18 of the Securities Exchange Act, with the option to suspend or discontinue at any time.
Lattice Semiconductor (NASDAQ: LSCC) will present at Embedded World 2021, focusing on cyber resiliency in embedded systems. The session is scheduled for March 5, 2021 at 14:00 CET / 8:00 AM EST. Executives Eric Sivertson and Mark Hoopes will discuss how the Lattice Sentry™ solutions and Lattice SupplyGuard™ service can enhance firmware security amidst global supply chain risks. Gartner warns that by 2022, 70% of organizations lacking a firmware upgrade plan may face breaches. The presentation aligns with NIST Platform Firmware Resiliency guidelines to help developers protect their systems.
Lattice Semiconductor Corporation (NASDAQ: LSCC) reported strong financial results for the fiscal fourth quarter and full year ended January 2, 2021. The company experienced significant profitability growth, with a 6.3% increase in diluted earnings per share on a GAAP basis year-over-year. Revenue grew double-digits in its key markets of communications, computing, industrial, and automotive. Lattice launched two new Nexus™ products and three software products, generating approximately $92 million in cash from operations, further enhancing its balance sheet.
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